DALLAS, April 17,
2024 /PRNewswire/ -- Somera Private Equity LLC
("Somera"), alongside strategic partner Entrepreneurial Equity
Partners ("e2p"), announced today that it has, through a new
holding company vehicle Gardian Holdings LLC ("Gardian"), acquired
a majority stake of the underlying entities that develop and
manufacture Ty-Gard® and Shock-Gard®
products. Somera and e2p will partner with the business' existing
owner, Matthew Bullock, to
accelerate growth, continue innovative product development, and
maintain leading service to Gardian's customer base, composed
mainly of Fortune500 companies.
"We are thrilled to partner with Matthew and the Gardian team to
bring innovative cargo securement technologies to customers focused
on optimizing their logistics in a safe and responsible manner,"
said Eric Hauser, Managing Partner
of Somera. "We intend to leverage our deep and industry-relevant
networks to support Gardian's exciting growth potential, while
continuing the outstanding product and service quality the Company
has achieved to-date."
Bullock, who will retain a significant equity stake and remain
as the company's CEO, added, "Over the last 50 years, our mission
has always been to leverage patented technology to prevent damage
and improve safety in the workplace. This partnership allows us to
remain focused on what we are passionate about, delivering the
quality products and service we are known for, as we scale and
pursue exciting growth avenues. It has been a privilege to serve
this industry throughout my career, and we look forward to this
next chapter."
PSP Capital Partners ("PSP") have also acquired a minority
stake in the business, bringing tremendous strategic value and
industry experience to Gardian.
About
Gardian
Gardian is a newly-formed holding company that provides patented
cargo securement products through its Ty-Gard® and
Shock-Gard® brands. Ty-Gard® is a flexible
restraint system developed to prevent damage for multimodal transit
as one of the only brand-approved systems to secure cargo across
rail, ocean, and over-the-road trucking applications.
Shock-Gard® is a sustainable, fiber reinforced,
RFID-enabled expandable foamcore panel used to absorb shock and
prevent damage within railcars and intermodal containers. The
business is headquartered in Dallas,
TX, with manufacturing facilities in both Texas and Pennsylvania.
About Somera
Somera Private Equity is a Los
Angeles-based private equity firm focused on partnering with
entrepreneurs, founders, and management teams to preserve unique
competitive advantages and unlock asymmetric growth potential. As a
fundamental investment philosophy, Somera seeks market leading
businesses with sustainable competitive advantages, proven cash
flow generation and multi-vectored growth opportunities. Somera can
flexibly deploy capital across multiple industries and stages of
investment, but principally focuses on middle-market control
investments within the industrial technology and business services
sectors. At its core, Somera believes in a people-first investment
approach, utilizing its world-class network to offer bespoke
support for companies to achieve their goals.
www.someraprivateequity.com
About e2p
e2p is a middle market, Chicago-based private equity firm focused on
control-oriented investments in and around the food, consumer and
packaging industries. e2p's team includes experienced industry
executives and i entrepreneurial mindset and extensive industry
network to support and collaborate with portfolio company teams.
e2p applies a proprietary North Star Investing Program as part of
overarching business transformation to accelerate value and impact
including a cross-portfolio commitment to enhance front line labor
conditions in support of a high performing workforce.
www.e2pcapital.com
Contact: Eric Hauser |
hauser@someraprivateequity.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/somera-private-equity-acquires-ty-gard-and-shock-gard-to-form-gardian-holdings-llc-302118959.html
SOURCE Somera Private Equity